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Free buses crowd, private fares explode
Following a massive increase in petroleum prices and Prime Minister Shehbaz Sharif's decision to make Metro Bus and electric bus travel free for one month, the transport system in Rawalpindi and Islamabad has become uneven. Metro and electric bus travel is completely free, while private public transport standing alongside is charging Rs60 to Rs70 per stop. No free scheme has been provided for public or goods transport, due to which public transport fares have been increased significan...
Bank Al-Maghrib Signals Growth in Morocco’s Industrial Activity
Agadir – Bank Al-Maghrib’s (BAM) latest business survey indicates positive growth in Morocco’s economy, with both production and sales showing improvement. The survey estimates the national Capacity Utilization Rate (CUR) at 78%, reflecting increased utilization of industrial capacities. Sector-specific data shows a mixed outcome. Production rose in chemicals and parachemicals by 39% and mechanical engineering and metallurgy by 40%, while food processing remained stable, and textiles and...
Trump has $377 million to spend on further White House renovations this year, figures show
NewsWorldAmericasUS politicsTrump has $377 million to spend on further White House renovations this year, figures showPresident Donald Trump has already made a swathe of changes to the executive mansion in Washington, D.C., and has the funding in place to continue to indulge his passion for interior designJoe Sommerlad Monday 06 April 2026 17:51 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLi...
Carlyle's Thomas on Health of the Private Credit Sector
Jason Thomas, head of global research & investment strategy at Carlyle, joined "Bloomberg Surveillance" to discuss the concerns over private credit, saying "the systemic risk point is perhaps most significant here in terms of the misperceptions that exist." (Source: Bloomberg)
Casablanca Stocks Finish in the Green with 0.48% Gain on Futures Debut
Casablanca – Casablanca’s stock market started the week on a mixed but broadly positive note Monday, as the MASI rose 0.48% to close at 17,599.70 points, trimming its year-to-date loss to 6.61%. The session also marked a historic first for the exchange with the effective launch of the financial derivatives market, marked by the first listing of the MASI 20 futures contract, branded “Future MASI 20.” While the broader index advanced, the MASI 20, which tracks the largest capitalizations, sl...
Leftist Economist Mello Gets Planning Job, Not Central Bank Post
Brazil’s new Planning Minister Bruno Moretti will name leftist economist Guilherme Mello as his deputy, removing him from contention for a seat on the central bank’s board and advancing a shakeup of the federal government’s economic team ahead of elections, according to a person familiar with the matter.
What to do if wage garnishment makes your bills unaffordable
MoneyWatch: Managing Your Money What to do if wage garnishment makes your bills unaffordable We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Angelica Leicht Angelica Leicht Senior Editor, Managing Your Money Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes a...
Venture Capital’s Next Frontier: The Trillion-Dollar Physical Data Problem
A new class of AI-native infrastructure companies is emerging to structure data for machine use—signaling that in the AI era, value accrues to those who make data usable, including in Earth observation.
OpenAI’s vision for the AI economy: public wealth funds, robot taxes, and a four-day work week
OpenAI proposes taxes on AI profits, public wealth funds, and expanded safety nets to address job loss and inequality, blending redistribution with capitalism as policymakers debate AI’s economic impact.
Goldman Traders See ‘Fast-Money’ Funds Turning Into Stock Buyers
Systematic investors are poised to flip back into equity-buying mode after slashing their exposure to multi-year lows during the recent market selloff, according to Goldman Sachs Group Inc.’s trading desk.
Wall Street Banks Line Up Financing for €1.5 Billion Sushi Deal
Wall Street banks are lending €750 million ($867 million) to finance the roughly €1.5 billion tie-up of Asian food producer Eat Happy Group and sushi supplier Hana Group SAS’ European operations, according to people familiar with the matter.
Markets, malls to close at 8pm across country, except Sindh, to conserve energy
ISLAMABAD: The government decided on Monday that markets and shopping malls in the country, barring those in Sindh, would close by 8pm as part of energy conservation measures. The decision was taken during a meeting chaired by Prime Minister Shehbaz Sharif in Islamabad, a statement by the PM’s Office said. It added that markets in divisional headquarters in KP would be allowed to remain open till 9pm and consultations were under way regarding business hours for markets in Sindh....
Are lenders tightening HELOC rules in 2026? Here's what experts say
MoneyWatch: Managing Your Money Are lenders tightening HELOC rules in 2026? Here's what experts say We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Aly J Yale Aly J Yale Aly J. Yale is a contributing writer for the Managing Your Money section for CBSNews.com, covering various personal finance topics, including inve...
Ogra, PSO come under fire for lethargic monitoring of oil stocks
ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) and Pakistan State Oil (PSO) on Monday came under fire for insufficient and lethargic online integration and automation of stock and supply position of oil products for improved visibility and monitoring. Subsequently, the government decided to activate law enforcement and investigation agencies for improved monitoring of retail petroleum outlets and to check hoarding. The development came during a meeting of the cabinet committee, constitut...
China’s yuan may be going global faster than Western data suggests, analysts say
Mainstream metrics may understate the role of China’s currency in global payments, as a growing share of transactions is now routed through Beijing’s own cross-border payment system and not fully reflected in conventional data sets, analysts say. This could help explain the gap between Beijing’s official narrative – which describes the yuan as the world’s third-largest payment currency – and readings from tracking systems such as the Society for Worldwide Interbank Financial Telecommunication...
Indonesia to allow airlines to raise fares by up to 13%, minister says
Indonesia will allow airlines to raise ticket prices by increasing the fuel surcharge, while waiving some airline-related taxes, senior economic minister Airlangga Hartarto told reporters on Monday. Read Also: Jakarta confirms Indonesian peacekeeper killed in Lebanon Airlines are now allowed to raise ticket fares after the government said it would allow a fuel surcharge hike of up to 38% of the upper airfare limit, but it will also introduce tax exemptions and other policies in a bid to...
Binance Compliance Staff Leave Financial Crime, Monitoring Roles
When Binance pleaded guilty to US sanctions and anti-money-laundering violations in late 2023, rebuilding its compliance operation was key to the deal. The exchange had earlier that year hired Noah Perlman, a former assistant US attorney, as chief compliance officer, to lead teams handling sanctions enforcement, financial crime monitoring and investigations.
Dimon warns Iran war could sink economy into a recession
JPMorgan Chase CEO Jamie Dimon is warning that the Iran war could lead to prolonged inflation and higher interest rates that ultimately could tip the U.S. economy into a recession. “The skunk at the party — and it could happen in 2026 — would be inflation slowly going up, as opposed to slowly going down.…
Earnings a 'Blessing' for Markets, Citi's Kaiser Says
Stuart Kaiser, Citi head of US equity trading strategy, says earnings growth expectations are helping to offset the increasing investor concerns about the war in Iran. He speaks on "Bloomberg Open Interest." (Source: Bloomberg)
Here's what $25,000 in gold could look like by the end of 2026, experts say
MoneyWatch: Managing Your Money Here's what $25,000 in gold could look like by the end of 2026, experts say We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Aly J Yale Aly J Yale Aly J. Yale is a contributing writer for the Managing Your Money section for CBSNews.com, covering various personal finance topics, includ...